Caroline Rawlinson

MYOB’s cloud focus continues with the acquisition of document management startup Nimbus

- February 2, 2022 2 MIN READ

Business management and accounting platform MYOB has upped the ante on its SaaS offerings with the announcement of the acquisition of cloud document management software provider, Nimbus Portal Solutions. The value of the deal was not revealed by MYOB. Adding the Australian-owned-and-operated document management service to its stable will allow MYOB to provide an integrated… Read more »


Telstra’s tech arm goes on IoT acquisition spree, buying two more startups

- January 31, 2022 2 MIN READ

Telstra Purple, the telecommunication giant’s business technology services offshoot, is acquiring two local tech startups to bolster its IoT capabilities. The deals include Aqura Technologies, a subsidiary of ASX-listed Veris, snapped up for $30 million – figure that nearly matches the parent company’s market cap. Aqura supplies tech and telecommunications infrastructure solutions including industrial wireless,… Read more »


Shares in mining tech spinoff Orexplore Technologies tank on ASX debut

- January 21, 2022 < 1 MIN READ

A mining tech venture spun out of an ASX-listed mining services company has tanked on debut, falling 46%. Perth-based Orexplore Technologies (ASX:OXT) demerged from parent company Swick Mining Services (ASX:SWK) and made its debut today having raised $2.44 million at $0.25 per share. Orexplore shares closed at $0.135, down 46% amid a general hammering for small… Read more »

will davies

Uber gobbles up Car Next Door

- January 20, 2022 2 MIN READ

Australian startup Car Next Door has sold to the US tech giant Uber after a decade in business. The price of the acquisition was not disclosed The peer-to-peer car rental platform first launched in Sydney in 2012 and now operates in all capital cities except Darwin, as well as the Gold Coast, Cairns,Launceston, and Newcastle.… Read more »


Canadian software company Marpost acquires Australian ecommerce platform Retail Express for $61 million

- January 19, 2022 2 MIN READ

The global expansion plans of Canadian ecommerce company Maropost continue with the acquisition of 15-year-old Australian retail platform Retail Express for CN$55 million (A$61m). Retail Express is the Australian & New Zealand leader in point-of-sale systems for mid-market and enterprise retail brands. Founder and CEO Aaron Blackman has bootstrapped the business since its launch in… Read more »

horse, fall, crash

Payday lending fintech Beforepay tanks on debut

- January 18, 2022 2 MIN READ

Payday lending fintech Beforepay had the $35 million value of its IPO wiped away on debut on the ASX today, with the company’s share price plunging 44% in its first day of trade. Making an early bid for 2022’s worst opening day – the drop saw Beforepay (ASX: B4P) float at $3.41 per share, but… Read more »


HungryPanda gobbles up Asian food delivery platforms Easi and Buy@Home

- January 11, 2022 2 MIN READ

UK-based Asian food delivery platform HungryPanda, has snapped up two local rivals, acquiring Melbourne-based startup Easi and New Zealand’s Buy@Home. The terms of the deal were not disclosed. The acquisitions mean HungryPanda, founded in 2017, now operates in 10 countries, including the UK, France, Italy, the US, Canada, Australia, New Zealand, Japan, South Korea and Singapore, across 60 cities.… Read more »


Startup marketplace MicroAcquire now valued at $110 million

- December 23, 2021 2 MIN READ

MicroAcquire, a marketplace for selling startups, is now valued at over $110 million after a nearly $7 million capital raise. The US platform’s founder Andrew Gazdecki wants to simplify the process of selling startups and early stage businesses by listing them on a marketplace to give them more visibility to investors and potential buyers. Posting… Read more »


Streem acquired by US public relations firm Cision

- December 20, 2021 2 MIN READ

Australian media monitoring company Streem is being bought by media and PR company Cision in a deal that will see the US firm gain 100 per cent of Streem’s shares. Streem will keep its own branding and local staff through the acquisition. Its leadership team, including the company’s co-founders CEO Elgar Welch and CTO Antoine… Read more »

Clayton Howes

Peer-to-peer lender SocietyOne is selling to ASX-listed MoneyMe in $132 million deal

- December 19, 2021 2 MIN READ

ASX-listed fintech MoneyMe is hoping to acquire one of the country’s original fintechs, SocietyOne in a deal worth $132 million. Surprisingly, the merger does not deliver an immediate exit for several key backers of the peer-to-peer personal lending marketplace over the last decade. Leading media companies including News Corp, Seven West Media, and Consolidated Press… Read more »

Antler Australia team

BNPL QuickaPay sells to legal payments venture RapidPay in Antler’s first exit

- December 15, 2021 2 MIN READ

Sydney BNPL fintech QuickaPay has been acquired by legal services payments platform RapidPay. QuickaPay was co-founded by Nathan Carroll and Nick Glynn in 2019 and was one of the first companies to emerge out of the early-stage VC and startup accelerator Antler Australia. Antler invested pre-seed funding in QuickaPay and it’s the VC’s first exit among… Read more »


Tokenisation startup Trovio merges with Sydney digital asset firm TCM to create $200 million crypto company

- December 13, 2021 2 MIN READ

Sydney digital asset manager TCM Capital has hitched its wagon to Singapore-based digitisation, tokenisation and provenance services firm Trovio to create the Trovio Group in a deal that values the merged cryptocurrency entity at $200 million. An oversubscribed raise as part of the merger, led by Ellerston Capital, Sun Hung Kai Strategic Capital and Amherst… Read more »


Hipages snaps up Kiwi online tradie marketplace Builderscrack in $11.8 million deal

- December 10, 2021 2 MIN READ

ASX-listed hipages Group has acquired New Zealand online tradie marketplace Builderscrack for A$11.8 million in cash and equity. The deal gives hipages (ASX:HPG) access to a NZ$26 billion total addressable market in addition to Builderscrack’s 4,000 active tradies and 200,000 registered homeowners. The Kiwi marketplace saw 95,000 jobs posted on its platform, worth NZ$67 million… Read more »

Thelma and Louise

Afterpay shares follow merger mate Square’s slump as the US payments fintech rebrands as Block

- December 2, 2021 2 MIN READ

Afterpay’s $39 billion takeover deal with Square dragged down the Australian fintech’s share price yet again amid delays and the US payments company announcing a rebrand. Because the takeover is an all-scrip deal, Square’s (NYSE: ASX) 6.6% fall in its stock overnight weighed on Afterpay (ASX: APT) in Thursday trade, falling 6.08% to close at… Read more »